The largest CarbonLite PET recycling facility will be auctioned as part of the company’s ongoing bankruptcy proceedings. Virgin resin producer DAK Americas submitted a bid to purchase the Reading, Pa. plant for $96 million.
Evergreen has launched a project to double its food-grade RPET capacity to 80 million pounds per year. A company leader noted the initiative harnesses “the latest and greatest technology.”
Three virgin plastics producers expand their recycled-resin offerings, and a chemically recycled copolyester finds a home in Tupperware food and drink containers.
A startup that supplies an ink allowing shrink sleeve labels to be separated from PET flakes with a magnet has successfully completed early testing of the innovation.
PET recycling firm CarbonLite and a subsidiary this week filed for bankruptcy, indicating the company plans to reorganize and continue operating. A company leader said market strife and COVID-19 impacts led to the decision.
Two large manufacturers of recycled-plastic products – Unifi and Greystone Logistics – stayed on track late last year despite COVID-19 complications, financial filings show.
Eastman’s plastics sorting capabilities and complementary chemical recycling technologies will help it cost-effectively secure the ample feedstock supply needed for a huge methanolysis plant, the company’s CEO said.
A confluence of RPET market disruptions in 2020 included low prime plastic pricing and supply challenges that led end users to seek feedstock from other sources. Still, experts maintain a surge of RPET demand is fast approaching.